Results show a strong pick-up in revenue reflecting growth in all markets as well as a progressive pick-up in operational capacity. The order book remains strong although the normalisation of customer ordering patterns has lessened order intake recently; the group has strong enough H2 order coverage to reiterate full year expectations. The CEO’s strategic review aims to return the group to mid-teens margins and we see significant profit and cash gains from a sharper focus on operational delivery ....
06 Jun 2023
Gooch & Housego - Interim results, recovery and strategic review
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Gooch & Housego - Interim results, recovery and strategic review
Gooch & Housego PLC (GHH:LON) | 546 -43.7 (-1.5%) | Mkt Cap: 140.8m
- Published:
06 Jun 2023 -
Author:
David Buxton -
Pages:
8
Results show a strong pick-up in revenue reflecting growth in all markets as well as a progressive pick-up in operational capacity. The order book remains strong although the normalisation of customer ordering patterns has lessened order intake recently; the group has strong enough H2 order coverage to reiterate full year expectations. The CEO’s strategic review aims to return the group to mid-teens margins and we see significant profit and cash gains from a sharper focus on operational delivery ....